Google just posted the biggest quarterly profit ever—$112 billion—and Wall Street is punishing it for doing so
Jul 23, 2026
Good morning. On Fortune’s radar today:
Google booked the biggest profit in history—and Wall Street hates it.
Markets: U.S. futures decline as Middle East conflict worsens.
GE was a mess. Larry Culp tells us how he fixed it.
Iran: The war is getting worse.
Analysts are thinking t
he unthinkable: What if Trump cannot win in the Gulf?
Chart: The precipitous decline in U.S. immigration.
The incredibly complicated rules for drinking the “right” amount of coffee.
📬 Would you prefer to receive this information in your email inbox every morning before the markets open in New York? Sign up here.
This story was originally featured on Fortune.com ...read more read less